Letter Agreement dated October 30, 2009, between Ophthalmic Imaging Systems and Jonathan Phillips
EX-10.32 13 ex10-32_f10k12312009.htm EXHIBIT 10.32 ex10-32_f10k12312009.htm
Exhibit 10.31
| OIS 221 Lathrop Way, Suite I Sacramento, CA 95815 USA | www.oisi.com main 088 ###-###-#### fax ###-###-#### |
October 30, 2009
VIA Facsimile and mail
Jonathan R. Phillips
792 Chatham Avenue
Elmhurst, ILL 60126
Re: Ophthalmic Imaging Systems Board Membership – Addendum 1
Dear Jonathan:
The following has been changed to your OIS Board Membership Agreement dated August 31, 2007 to outline your new compensation structure:
Effective October 1, 2009,
The Company will pay an annual retainer in the amount of $20,000, payable in 4 equal quarterly installments of $5,000. The Company will also reimburse for travel expenses according to the Company’s travel policy.
Please indicate your formal acceptance of the foregoing by signing and dating where indicated below. At your earliest convenience, please return via facsimile the executed copy of page 2 to the attention of Mr. Gil Allon at the Company’s offices at ###-###-####.
Again, thank you for your continued efforts as a board member during this very exciting time for the Company.
Very truly yours,
/s/ Uri Ram
Uri Ram
Chairman of the Board of Directors
Ophthalmic Imaging Systems
Approved:
/s/ Jonathan R. Phillips
Jonathan R. Phillips
Date : 11/9/09
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